SHG Bank Linkage Programme – Direct Linkage to SHGs
SHG Bank Linkage Programme – Direct Linkage to SHGs
Purpose / Objective
- To provide thrift, credit and other financial services to the poor in all areas enabling them to raise their income levels and standard of living.
Eligibility
- Self Help Groups(SHGs)
Amount of Loan
| 1st linkage | 6 times of the existing corpus or minimum of Rs 1,00,000/-, whichever is higher. |
| 2nd linkage | 8 times of the corpus at the time review / enhancement or minimum of Rs 2.00 lakh, whichever is higher. |
| 3rd linkage | Minimum of Rs. 3.00 lakh, based on the Micro credit plan prepared by the SHGs and appraised by the Federations/Support agency and the previous credit history. |
| 4th linkage | Minimum of Rs. 5.00 lakh, based on the Micro credit plan prepared by the SHGs and appraised by the Federations / Support agency and the previous credit history subject to a maximum of Rs 35.00 lakh |
Interest Rates
- Please refer the Lending Rates link on home page in our Bank`s Website.
Repayment
- Maximum 72 months depending upon the activity.
Security
- Hypothecation of assets wherever created.
* MCLR RATE – Available in Home Page
( Last modified on Dec 05, 2020 at 03:12:11 PM )
